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Brutal markets today. I haven't bought back in yet within my ISA , mainly due to being down in the other investments I bought.
... Almost getting to the point this week where it's the least worst performer that wins.
Barclays downgrade but still targeting 323p, which one could take to mean they intend to increase their holding with the sell off or it's actually a genuine recommendation.
The next trading update in July IMO will be worth being in for. They spent a billion dollars on Eastman’s Adhesive Resins, there has to be some meat on its bones.

ScotLovesTrump. You sound like a gullible Putin Apologist that probably believes the Earth is flat, because there's an article on the internet.
Sharing obviously sponsored and fake news posts from "greatgameindia-com" simply makes you look like a fool. Even the domain name is trying to make you believe its "greatgameindia.com" which is not exactly a trustworthy site to start with.
Hopelessly trying to convince people that Russia is right to murder innocent people, decimate cities and create the worst refugee crisis in Europes since WW2.
Justifying murder brings not only disagreement but utter contempt.

Yesterday was brutal, some companies down over 10%, gold down over 3% in a day, but still hovering on £1500. PAF did well just to hover around the same SP.

Hi Testpak. FY24 I take to mean the SSE fiscal year ending in 2024, beginning in April 2023, next year.

https://www.lse.co.uk/rns/SSE/preliminary-results-for-the-year-to-31-march-2022-h0fm8yx8795liki.html
Final dividend in line with dividend plan to 2026
· Intention to recommend a final dividend of 60.2p for payment on 22 September 2022, representing a weighted average annual RPI rate of 5.8%, making a full-year dividend of 85.7p per share.
· Continue to target RPI increase for FY23 followed by rebase to 60p in FY24, with attractive annual growth of at least 5% to FY26.
· Scrip uptake capped at 25% on FY22 full-year dividend and thereafter as previously announced.
Financial outlook for 2022/23 and beyond
· SSE's focus continues to be on long-term, sustainable financial performance. With high levels of investment expected in Transmission, a step up in earnings expected in Thermal generation and an expected return to normal weather for Renewables, the Group is confident about delivering strong earnings growth for this financial year.
· SSE currently expects to report full year adjusted earnings per share of at least 120p.

In GBP the Gold price went to £1,519.83, +41.55p +2.81%
If this doesn't make SP shoot up then I'm not sure what will.

Hi Testpack. I had a target price of 1700, which was well reached then surpassed, and it's still way ahead. My free holding is only a few % of what is was from 1200 upwards and I'm optimistically awaiting a pullback to the 1500s.
The debt is massive and next years dividend has been capped 60p. IMO The yield will be too low to warrant such a high SP (if SSE is seen by the market as an earning investment). However, with Dogger Bank and the other projects it will of course mean that at some point the dividend should be much much higher. A big SSE rollercoaster and great investing opportunity awaits so if holding at a loss, then hang on in in there would be my opinion.
It's worth mentioning that this strategy of 60p then 5% annual increasing was presented before the hike in energy prices and inflation kicked in. So there could well be a change in this as investors may look for a return at least equivalent to inflation.
6% Yield of 60p dividend would mean a lowly 1000p SP, 5% yield of 120p means 2400p, or 8% means 1500p, which is all food for thought as to how big of a rollercoaster we could be in for in the coming years if yields become all important.
We'll see. Cheers and GL.

What's the bet Blackrock has to pay itself.
Nav does matter. Fundamentals always dictate movements in the end, it's what makes a share cheap or expensive.

Withe ex-div drop today, some of those short-sellers make take the opportunity to take their profits given such a discount to Nav and apparent value. It would be good for all holders to see buying bring the SP back up.
Casino investing. We'll See.

Are they anticipating a wave of publicity and the hoard arriving once gold flows once again this month..
These warrants expire in 2023 so someone is taking them all up a year early, good news indeed if they are first come first serve.
Also.. If all the warrants are being taken up by Eric Sprott, taking the new 20% of the total holding, then will this could lead to them having to make a mandatory takeover offer for the company if they'll own over 30%.
We'll also receive a healthy £4.5m which should see the mining expanded to good levels of intended ounces.
Now for the directors (Stifanio has already lead the way with his buy today) to take up their stock options.
https://www.lse.co.uk/rns/GAL/stock-options-td1s98abu1jo5a2.html
This is all good.
Cheers all and GL.

Hi Trek.
Interesting as I got the rest of my stake back as well for similar reasons. I can see another drop to 280 here if the FTSE does another dip.
There is however a looming Trading Update in July which after spending a fortune on the new business will see some first numbers, so my free holding will stay and DRIP the dividend. I will watch closely as I do intend to be invested again, if the drop happens going into that trading update.

17.3m warrants left at CAN$0.40 (around 26p).
Issued shares 83.5m. Stock Options 4.4m
If all taken up we'll have around 105m shares, and no doubt more than 10m or more of these will be sold for quick profit as production ramps up.
Can 40k ounces per year be achieved ?
If so with a rough estimated MC compared to peers of £90m means a potential SP of 85p.
20k Ounces means over 40p.
We'll see.

Hi Pokerchips, so in your opinion little to do with the bad press towards the CEO concerning his pay rises but everything to do with Blackrock ?
That would make a lot more sense TBH. His pay is not extreme for large companies as you say.
Over 4% of stock out on loan is a quite a bit.
Going to be a matter of patience then. New lows expected.

222p Close. Is it justified or is sentiment just bad?
Yes the CEO is greedy pig with his snout firmly in the trough, self-awarding himself bonuses and pay way above inflation rises whilst at the same time not agreeing to minimum living wage pay for the shop workers.
But does that justify a rock-bottom share price two days before a 4.4% return ex-dividend ?
I personally did not anticipate such a drop, but then that's the casino nature of the market these days.

I'm also waiting on the pullback, but to possibly buy back in after top-slicing half my stake back with an extra 10% profit this morning. I was well overweight going into ex-div.
I also feel the acquisition earnings are not yet priced into the SP ("Double digits" is so vague.), but weary that yields need to be high to be worth being invested now we're on the inflation road.
Much of the smaller moves (to trade averages down) are dictated by the whole market, so there is bound to be a drop soon enough as the FTSE is at high resistance levels. If upward momentum stays or news arrives to send the SP north then so be it, I'll use that stake elsewhere.
Cheers all and GL.

Not sure what other ownership Allan Gray Investments holds or even Shanduka but there are no well known company shareholders by the looks of it. IMO it is a jewel for South Africa. I imagine a profit driven global corporation would not embrace the blueberry farming, solar energy, environmental and community responsibility, and black economic empowerment that PAF does with high importance, as well as being a top delivering gold miner.

Something is brewing. This article appeared in yesterday's Moneyweek.
https://moneyweek.com/investments/stocks-and-shares/share-tips/604919/gold-miners-are-snapping-each-other-up-heres-how-to
"Gold miners are snapping each other up – here’s how to profit"
".. By acquiring rather than developing new assets, miners can take advantage of the market’s failings. If the equity market does not understand how much a company should be worth, that’s something purchasers can capitalise on.
That seems to be just what’s happening now...
... If I had to pick somewhere to invest, I’d say the smaller producers are much more likely to receive a bid as larger players try and consolidate the sector on the cheap. Pure Gold Mining (LSE: PUR) and Pan African Resources (LSE: PAF) both appear undervalued with growth potential. Pan African also yields 5.5%."

IMO Pure is more difficult and not obvious prospect after so much hype but the P/E of PAF speaks for itself as a takeover target, surely at least 30% premium to the the current SP.

What happens to the ADR price on Thursday and Friday and Monday ?
Ex-Div Tomorrow. Can we expect a run up to 340 ?

Oh deary me. Here we go. This will keep the SP low for ages as their orders take over the lower end of the book.
A complete waste of money when they have supposed projects harped on by the fan club below.
Dividends reward holders. Buybacks reward sellers.

Typically timed that well... 2.4% drop today.
Did not expect 227 before ex-div.

Total poppy****, look at Gulf Keystone just today, or many the large companies in the insurance sector or some of the largest mining companies on the planet. This board has either been infested by paid rampers like RMM was for example or there are great whiffs of delusion.
"Companies that splash out their spare cash on dividends to inflate the share price rather than investing it to improve the business generally don't last."